Recently, a major change has been made to the gratuity rules under the new labour code. Now, gratuity will be given even after one year of service. So the question is, how is gratuity calculated, what ...

A lump-sum benefit employers pay employees as a reward for loyalty & long service. Gratuity = (Last Drawn Salary × 15 × No. of Years Worked) ÷ 26. Offer letters show gratuity as 4.81% of your annual ...

Learn how gratuity is calculated in India using last-drawn basic salary and years of service, eligibility criteria and examples showing gratuity amounts for different salaries after 7 years and 5 ...

Amidst discussions about the implementation of the new labor code, the biggest question is how it will affect your finances and retirement fund. For salaried employees, gratuity is a crucial savings ...

Gratuity Calculator India 2020: Gratuity refers to an amount of money, which an employer pays to employees in return for services offered to the company. Section 4(2) of the Gratuity Act says that for ...

Unsure about UAE gratuity? See how your salary and the two-year cap affect your payout Many workers are unsure whether their end of service benefits include just their basic salary or the full gross ...

How your basic salary and years of service determines your end-of-service benefit How your end-of-service benefit is worked out under UAE Labour Law, what counts towards it, and how much you could ...

Gratuity BIG UPDATE: What comes as good news for fixed-term employees across sectors is that they now qualify for gratuity after a year of employment. Earlier, employees were entitled to gratuity ...